The settlement will be divided between several entities and tenants who qualify for class status under law.

Eric Hauge, the public policy director for HOME Line in Minnesota, said the outcome of the lawsuit is a "symbolic measure."

"Treating folks this way - it's not what we do in Minnesota," Hauge said. "This was a very unique application of Fair Housing laws. We knew that the population of the apartment complex was mostly people of color and people of under-protected classes."

Jim Soderberg, president of Soderberg Apartment Specialists, sent a statement via email after the settlement announcement:

"In regard to the settlement of the class action lawsuit involving the Concierge property, MSP Crossroads and Soderberg Apartments Specialists deny that any of our conduct regarding the Concierge property violated the law, and stridently maintain our belief that we would have ultimately prevailed in the litigation.

"However, due to practical considerations, including the unique characteristics of this property, we believed that a resolution was appropriate."